Tag: financial crime.
How can insurers identify and prevent vehicle crime?
Car accidents and vehicle breakdowns are an unfortunate but mostly unavoidable part of life for the global population. However, victims in these cases can someone be easy targets for scam artists.
UK Treasury Committee calls for government action on fraud and scam...
A new report by the UK’s Treasury Select Committee has called on the government to work harder to tackle the ‘growing fraud epidemic’ in the UK.
Digital transformation, hybrid working and ESG – RegTech trends to watch...
After a strong 2021, many RegTech companies are looking ahead to the new year with optimism for another year of advancement and greater innovation. With the pandemic still raging on, 2022 could be another year for RegTech companies to further ingrain themselves into the system. What trends should the industry look out for this year?
Two years on: how the pandemic has changed the RegTech sector
When Covid-19 swept the world at the start of 2020, no one had any idea how much it would change the way we live and work. As in-person restrictions continue to fester two years on, how has the opportunities provided by the pandemic impacted the RegTech industry?
FCA slapped UK finance firms with £568m in fines in 2021
During a year of heightened financial crime, the Financial Conduct Authority (FCA) handed out £568m in fines during 2021.
Acuminor unveils updated ThreatView platform
Financial crime prevention firm Acuminor has updated its ThreatView platform to bolster its financial crime support offering.
AUSTRAC, Services Australia team to unveil financial crime guide
The Australian Transaction Reports and Analysis Centre (AUSTRAC) has teamed with government agency Services Australia to launch a financial crime guide.
Interpol arrests over 1,000 people, seizes $27m in large-scale fraud operation
A four-month long operation conducted by Interpol between June and September this year has led to the arrest of 1,003 individuals and capturing of $27m in illegal cash.
Why FinTecSystems is betting on open banking in the financial crime...
Founded in 2014, FinTecSystems is specialised in open banking infrastructure and data analysis to help companies make data-driven and automate decisions. At a time when companies are scrambling to protect their assets from criminal actors, could FTS’ open banking infrastructure be a flood barrier against the rising wave of financial crime?
How banks can strengthen their risk-based approach to financial crime
A recent case study by financial crime prevention firm Acuminor has detailed how banks can improve their stance of tackling the financial crime threats they face through its risk-focused technology.
